| Shares in Philip Morris were trading at 24-1/8, compared with its closing price of 23-7/16.
A Florida appeals court on Wednesday made a ruling in an ongoing class-action suit against Big Tobacco that could expose the industry to multibillion-dollar liabilities.
Also active on Instinet was Biogen Inc. which was off its lowest after-hours prices with just an hour to go before regular trading was set to begin.
On Thursday after the market closed, the company halted trials on a new drug. The stock was selling at 65 at 8:30 a.m. EDT, compared with its Thursday close at 72-9/16.
Late Thursday, the stock was trading at 62 and early Friday morning, it was trading at 63. |
